secwatch.observer — SEC 8-K summary
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Issuer:     MID PENN BANCORP INC (MPB)
CIK:        0000879635
Form:       8-K/A
Filed at:   2026-08-06T20:21:59+00:00
Accession:  0000879635-26-000053
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mid Penn Bancorp finalizes change in control agreement for COO Dana Stewart
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- Agreement provides severance of 2.25x highest annual base salary if terminated within 12 months after a change in control.
- Also includes 27 months of continued medical/dental/vision coverage or cash equivalent.
- Non-solicitation covenants: 12 months for employees, 6 months for customers if terminated without cause; 12 months for both if terminated for cause.
- Agreement has three-year term with automatic annual renewals, and a double-trigger requiring both change in control and qualifying termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/879635/000087963526000053/0000879635-26-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/879635/000087963526000053/mpb-20260105.htm
  HTML page:      https://secwatch.observer/filing/0000879635-26-000053

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer